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Model agencies collude to fix rates

Productivity update

The productivity puzzle continues

Productivity – as measured by output per hour – fell by around 0.5% in the first quarter of 2017,
taking it back below its peak level of 2007, according to figures released by the
ONS. The poor figures are seen as further evidence of the UK's 'productivity puzzle'.

Previous reports

UK
productivity
(as measured by output per hour) is estimated to have grown by 0.4%
between the 2nd and 3rd quarters of
2016, according to figures release by the
ONS (Jan 6th 2016).
Despite the growth, there remains a ‘productivity puzzle’, with growth
in productivity lower than before the economic downturn. The overall
growth figures also hide the problem of poor manufacturing productivity,
which fell by 0.2%, masked only by rising productivity in the service
sector.